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Responsible Mining: The Key to Profitable Resource Development

Author

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  • Robert Goodland

    () (Independent Consultant, Canada)

Abstract

Better mining corporations want to adopt “Responsible Mining”. This paper outlines the essentials of responsible mining and offers a guide to corporations who want become responsible. Eight principles are discussed: (1) Social and environmental assessment, (2) Transparency, (3) Acceptance by stakeholders, (4) Food production trumps questionable mining, (5) Compliance with international standards, (6) Corporate prequalification, (7) Insurance and performance bonds, and (8) Royalties, taxes and fees. These principles are followed by a discussion of No-Go Zones to mining: why some types of sites should be off-limits to all mining. The Annex on Compensatory Offsets suggests that, on occasion, there may be exceptions to a No-Go Zone.

Suggested Citation

  • Robert Goodland, 2012. "Responsible Mining: The Key to Profitable Resource Development," Sustainability, MDPI, Open Access Journal, vol. 4(9), pages 1-28, August.
  • Handle: RePEc:gam:jsusta:v:4:y:2012:i:9:p:2099-2126:d:19829
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    Citations

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    Cited by:

    1. Harold Cardona Trujillo & Viviana Cano Chica, 2016. "Minería responsable: Mecanismos e incentivos en el caso del carbón en Colombia," REVISTA ECONOMÍA & REGIÓN, UNIVERSIDAD TECNOLÓGICA DE BOLÍVAR, vol. 10(2), pages 125-148, December.
    2. Ciaran O’Faircheallaigh, 2015. "Social Equity and Large Mining Projects: Voluntary Industry Initiatives, Public Regulation and Community Development Agreements," Journal of Business Ethics, Springer, vol. 132(1), pages 91-103, November.
    3. Rémi BAZILLIER & Sophie HATTE & Julien VAUDAY, 2016. "Is Reputation at Stake When Environmentally Responsible Multinationals Invest Abroad? An Empirical Investigation," LEO Working Papers / DR LEO 2315, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    4. Broad, Robin & Cavanagh, John, 2015. "Poorer Countries and the Environment: Friends or Foes?," World Development, Elsevier, vol. 72(C), pages 419-431.

    More about this item

    Keywords

    responsible mining; social and environmental assessment; no-go mining zones;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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